ZYNX Forecast
ZYNX Revenue Forecast
Quarter Ending 2006 Mar 2007 Mar 2007 Jun 2007 Sep 2007 Dec 2008 Mar 2008 Jun 2008 Sep 2008 Dec 2009 Mar 2009 Jun 2009 Sep
Avg sales reps 10 26 26 34 50 56.63 67.15 80.81 99.71 124.43 157.51 202.32
Avg orders per rep 45 69 75.21 81.98 89.36 97.4 106.17 115.72 126.13 137.49 149.86 163.35
Orders during quarter 449 1812 1955.46 2787.28 4467.85 5515.64 7128.97 9351.35 12576.36 17106.83 23604.64 33047.79
Orders past two Q's 900 1700 2662 3767.46 4742.74 7255.13 9983.49 12644.61 16480.32 21927.71 29683.2 40711.48
Avg rentals out 450 1181.87 1468.5 2086.9 3042.71 4082.97 5418.7 7002.66 9295.17 12529.43 17154.76 23820.05
Sales $ per rep $10,000 $9,600 $9,600 $9,600 $9,600 $9,600 $9,600 $9,600 $9,600 $9,600 $9,600 $9,600
Revenue from sales $100,000 $249,600 $249,600 $326,400 $480,000 $543,641 $644,639 $775,778 $957,176 $1,194,483 $1,512,102 $1,942,225
Revenue from rentals $400,500 $1,028,224 $1,277,594 $1,815,600 $2,647,156 $3,552,187 $4,714,271 $6,092,315 $8,086,795 $10,900,602 $14,924,641 $20,723,445
Projected revenue $500,500 $1,277,824 $1,527,194 $2,142,000 $3,127,156 $4,095,828 $5,358,910 $6,868,093 $9,043,971 $12,095,085 $16,436,743 $22,665,670
Net Sales $505,091 $1,336,731 $1,527,194 $2,142,000 $3,127,156 $4,095,828 $5,358,910 $6,868,093 $9,043,971 $12,095,085 $16,436,743 $22,665,670
Cost of Sales $16,393 $99,635 $113,831 $159,657 $233,087 $305,288 $399,433 $511,922 $674,104 $901,523 $1,225,134 $1,689,415
Gross Profit $488,698 $1,237,096 $1,413,363 $1,982,343 $2,894,070 $3,790,540 $4,959,477 $6,356,170 $8,369,867 $11,193,562 $15,211,609 $20,976,255
Gross Margin 96.75% 92.55% 92.55% 92.55% 92.55% 92.55% 92.55% 92.55% 92.55% 92.55% 92.55% 92.55%
Fixed SG&A $376,228 $376,228 $376,228 $376,228 $376,228 $376,228 $376,228 $376,228 $376,228 $376,228 $376,228 $376,228
Relative SG&A $101,390 $408,262 $440,585 $628,003 $1,006,651 $1,242,728 $1,606,229 $2,106,952 $2,833,581 $3,854,341 $5,318,363 $7,445,997
Other $20,197 $29,838 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000
Interest $13,318 $122,083 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000
Total Expenses $511,133 $936,411 $886,813 $1,074,231 $1,452,879 $1,688,956 $2,052,457 $2,553,180 $3,279,809 $4,300,569 $5,764,591 $7,892,225
Before Tax Income ($22,435) $300,685 $526,550 $908,113 $1,441,190 $2,101,584 $2,907,020 $3,802,990 $5,090,058 $6,892,993 $9,447,018 $13,084,030
Tax Rate 0.00% 35.00% 35.00% 27.00% 27.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00%
Net Income ($22,435) $195,445 $342,258 $662,922 $1,052,069 $1,366,029 $1,889,563 $2,471,943 $3,308,538 $4,480,446 $6,140,562 $8,504,620
Shares Outstanding 23208000 27399000 27399000 27399000 27399000 27399000 27399000 27399000 27399000 27399000 27399000 27399000
EPS -$0.001 $0.007 $0.012 $0.024 $0.038 $0.050 $0.069 $0.090 $0.121 $0.164 $0.224 $0.310
FW P/E Ratio 24 20 20 20 20 20 20 20 18 16 14 12
Share Price -$0.09 $0.57 $1.00 $1.94 $3.07 $3.99 $5.52 $7.22 $8.69 $10.47 $12.55 $14.90
Organic Growth Rate Quarterly 9.00%
Cost Per Rep 100000
